New York, Sep 4 : Amazon on Tuesday became the second US public company after Apple to hit the $1 trillion valuation mark.

Last month, Apple became the first US company to become a $1 trillion company.

According to a report in CBS News, Amazon shares hit $2,050.49 -- climbing 1.5 per cent in the morning trade -- bringing the company's market value above $1 trillion.

Amazon Founder Jeff Bezos is already the richest person on Earth, with a net worth surpassing $150 billion.

He owns over 16 per cent of Amazon which he founded in a garage in Seattle in 1994.

Apple became the first $1 trillion company last month. The Cupertino-based iPhone-maker is currently worth about $1.1 trillion.

Google's parent company Alphabet Inc and Microsoft are fast approaching the $900 billion mark, reports said.

Facebook -- which crossed $500 billion in 2017 -- is not growing much owing to a massive data privacy scandal amid falling user base.





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Udupi: Three people were held by the Udupi Town Police on Tuesday for allegedly duping a person of Rs 8.5 lakh by promising a seat for a Master of Public Health (MPH) course in the United Kingdom.

The police have arrested Suman S (24) of Hosanagar in Shivamogga and Suhan Khan (22) and Mohammad Mahaz (23) from Moodbidri, and seized cash of Rs 5 lakh along with an SUV and two mobile phones that were being used by the arrested trio, reports Times of India.

The fraud victim, Santhosh E, who filed the police complaint on January 9, told the police that he had obtained a degree in General Medicine. Hoping to study further in the UK, traveled to Dubai, where he met Aftab and agreed to pay Aftab Rs 18 lakh to get a seat in the UK for a Master’s degree. Santhosh was initially asked by Aftab to pay Rs 8.5 lakh for a confirmation of the seat, but, as the complainant did not have a Non-Resident Account (NRA), Aftab asked him to contact an acquaintance, Suman S in Udupi. During the meeting with Suman near the MTR Hotel in Moodanidambur village in Udupi, Santhosh handed over Rs 8.5 lakh.

After the process, however, Aftab avoided Santhosh’s calls, said the complainant, adding before the police that he had been deceived with the promise of the MPH seat in the UK.

The Udupi Town Police team, led by Inspector Ramachandra Nayak and Sub-inspector Eeranna Shiragumpi, probed the case, along with SIs Puneet Kumar and Bharatesh, among other personnel, and arrested the accused Aftab and Suman. They have also held Mahaz under charge of involvement in the case.

The arrested men have been presented before the court.

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